Advantages of Trademark Registration
Both businesses and individuals need to register their trademarks for maximum gain. There exists different firms which offer advice on the process of trademark registrations. There are legal rights associated to a registered trademark. To avoid legal battles related to trademark use, it is essential for a company to register its trademarks. On registration, official rights are gained on trademarks and become individual property. On registration, trademarks gain asset value hence the possibility of lease. Trademark licenses are renewable. The need for renewal may arise as a result of annual registrations. Various benefits are enjoyed upon trademark usa registration.
The chief merit of trademark registration is tenure of restricted use by those who have registered the trademark. Individuals and companies are granted exclusive use of trademarks by republic laws. Goods and services covered by the trademark policy can bear the trademark. This differentiates goods of different firms since they will not have similar trademarks. When the trademark is now used by other parties, the firm which has registered the trademark has rights to sue for compensation. A trademark can only be owned upon registration.
A registered trademark acts as an assets and security. Registered trademarks can be used by firms to secure loans from lenders since it function as a security. By this, the trademark acts as property for those who registered them. Upon registration, the trademark becomes an intangible asset of the organization. A product bearing trademark bears the goodwill of the company. There is an increase in the number of assets of a firm in registering trademarks. Registered trademarks can be sold out to others. It is only upon registration that a trademark gains value. For those intending to attach asset value to their trademarks they must register them.
Another key advantage of registering a trademark is that it functions as a license and can aid in fighting counterfeit goods. On contravention, those who have registered the trademarks can institute a legal actions. A registered trademark is separable from the business. This gives owners of registered trademarks advantages of being able to transfer the business and the trademark at separate ways and even to different persons. Certificates or registration are a valid implication of the owners of trademarks. The symbols and words used for registering a trademark can be validly used in goods and services specified in the registration policy. Registered trademarks can be used to obtain registration in foreign countries thus protecting the company worldwide. Development can be achieved through this. Registered trademarks can be used to fight counterfeit products. Original products have trademark marks and signs. Through this, counterfeits are easily identified. It is a prime necessity for firms and individuals to register their trademarks. It is on registration that the advantages of a registered trademark can be experienced.